Can I retire at age 55 with 2,280,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $2,280,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$188,280$186,603$184,967$183,370$181,810$177,487
2 years$93,208$91,472$89,790$88,159$86,576$82,246
3 years$61,521$59,778$58,100$56,484$54,928$50,726
4 years$45,681$43,943$42,282$40,694$39,175$35,133
5 years$36,180$34,452$32,812$31,257$29,780$25,911
6 years$29,847$28,133$26,517$24,996$23,564$19,870
7 years$25,326$23,626$22,036$20,551$19,164$15,646
8 years$21,936$20,252$18,688$17,239$15,898$12,556
9 years$19,302$17,633$16,096$14,684$13,389$10,218
10 years$17,195$15,542$14,033$12,658$11,408$8,406
11 years$15,472$13,836$12,354$11,016$9,811$6,974
12 years$14,038$12,419$10,964$9,663$8,502$5,825
13 years$12,825$11,223$9,796$8,531$7,414$4,891
14 years$11,787$10,201$8,802$7,573$6,499$4,126
15 years$10,887$9,319$7,947$6,753$5,722$3,493
16 years$10,101$8,550$7,205$6,047$5,057$2,966
17 years$9,408$7,874$6,556$5,433$4,484$2,525
18 years$8,793$7,276$5,985$4,896$3,987$2,154
19 years$8,243$6,744$5,479$4,424$3,554$1,841
20 years$7,749$6,266$5,028$4,007$3,174$1,575
21 years$7,302$5,837$4,625$3,637$2,841$1,350
22 years$6,897$5,449$4,263$3,307$2,546$1,158
23 years$6,527$5,096$3,936$3,011$2,286$995
24 years$6,189$4,775$3,640$2,747$2,054$855
25 years$5,878$4,481$3,371$2,508$1,849$735
26 years$5,592$4,211$3,127$2,293$1,665$633
27 years$5,327$3,963$2,903$2,099$1,501$545
28 years$5,082$3,734$2,699$1,923$1,355$469
29 years$4,854$3,523$2,512$1,764$1,223$404
30 years$4,641$3,327$2,340$1,619$1,105$348
31 years$4,443$3,145$2,181$1,487$999$300
32 years$4,257$2,976$2,035$1,366$904$259
33 years$4,083$2,818$1,900$1,256$818$223
34 years$3,920$2,671$1,775$1,156$741$193
35 years$3,766$2,534$1,660$1,064$671$166
36 years$3,621$2,405$1,553$980$608$143
37 years$3,484$2,284$1,453$903$551$124
38 years$3,355$2,171$1,361$832$499$107
39 years$3,233$2,064$1,275$767$453$92
40 years$3,117$1,964$1,195$708$411$80
41 years$3,007$1,869$1,121$653$373$69
42 years$2,903$1,780$1,051$603$338$59
43 years$2,803$1,696$986$556$307$51
44 years$2,709$1,617$926$514$279$44
45 years$2,619$1,542$869$474$253$38
46 years$2,533$1,471$817$438$230$33
47 years$2,451$1,404$767$405$209$28
48 years$2,373$1,340$721$374$189$25
49 years$2,298$1,280$678$346$172$21
50 years$2,226$1,222$637$320$156$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $2,280,000, adding $2,879 every year, while hoping to spend $36,139 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 50/38/12 Blend
54$2,280,000$2,280,000$2,280,000$2,280,000
55$2,515,530$2,394,690$2,359,350$2,633,016
56$2,733,662$2,473,578$2,399,936$2,792,737
57$2,972,833$2,555,120$2,440,671$2,962,166
58$3,235,150$2,639,409$2,481,522$3,145,460
59$3,522,934$2,726,539$2,522,452$3,343,932
60$3,838,743$2,816,609$2,563,423$3,559,025
61$4,185,393$2,909,722$2,604,397$3,792,329
62$4,565,987$3,005,982$2,645,328$4,045,588
63$4,983,943$3,105,500$2,686,172$4,320,724
64$5,443,026$3,208,390$2,726,879$4,619,852
65$5,947,382$3,314,769$2,767,397$4,945,297
66$6,501,582$3,424,760$2,807,672$5,299,618
67$7,110,658$3,538,488$2,847,644$5,685,632
68$7,780,157$3,656,085$2,887,251$6,106,440
69$8,516,187$3,777,687$2,926,428$6,565,454
70$9,325,479$3,903,436$2,965,105$7,066,430
71$10,215,450$4,033,475$3,003,207$7,613,503
72$11,194,269$4,167,959$3,040,658$8,211,227
73$12,270,937$4,307,042$3,077,373$8,864,613
74$13,455,374$4,450,888$3,113,267$9,579,180
75$14,758,507$4,599,666$3,148,246$10,361,006
76$16,192,376$4,753,551$3,182,213$11,216,783
77$17,770,247$4,912,724$3,215,066$12,153,880
78$19,506,738$5,077,373$3,246,696$13,180,413
79$21,417,955$5,247,694$3,276,990$14,305,320
80$23,521,644$5,423,889$3,305,827$15,538,445
81$25,837,359$5,606,167$3,333,080$16,890,632
82$28,386,648$5,794,747$3,358,616$18,373,823
83$31,193,251$5,989,855$3,382,295$20,001,171
84$34,283,329$6,191,725$3,403,968$21,787,168
85$37,685,709$6,400,599$3,423,482$23,747,773
86$41,432,154$6,616,732$3,440,671$25,900,570
87$45,557,666$6,840,383$3,455,365$28,264,928
88$50,100,812$7,071,826$3,467,384$30,862,183
89$55,104,091$7,311,342$3,476,538$33,715,841
90$60,614,333$7,559,223$3,482,627$36,851,799
91$66,683,144$7,815,774$3,485,444$40,298,585
92$73,367,387$8,081,309$3,484,769$44,087,631
93$80,729,724$8,356,156$3,480,372$48,253,565
94$88,839,203$8,640,655$3,472,011$52,834,539
95$97,771,913$8,935,159$3,459,435$57,872,588
96$107,611,700$9,240,033$3,442,378$63,414,023
97$118,450,957$9,555,658$3,420,561$69,509,870
98$130,391,498$9,882,429$3,393,693$76,216,352
99$143,545,519$10,220,756$3,361,470$83,595,413
100$158,036,653$10,571,064$3,323,571$91,715,306